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MIIG has signed a Joint Venture Agreement with Bin Zayed Group, a UAE based Firm, for the construction of two Crude Oil Storage Facilities in Ghana and Ivory Coast.
The construction of these Tank Farms will be critical for MIIG, as the company seeks to expand its global supply and distribution of Crude Oil, particularly to Asia. These Tank farms will also help alleviate the Crude Oil storage problem, which plagues the West African Region.
The estimated capacity of each Tank Farm will be 15 million barrels, with a 20 million barrel per facility possibility. Construction is set to commence in 2017 and groundwork has started accordingly.